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By 2030, the Vietnam National Chemical Group (Vinachem) aims to become a leading industrial group with advanced technology, strong financial capacity, and modern governance; to play a core role in ensuring national chemical and fertiliser security; and to participate more deeply in regional and global value chains.

These are the main directions set out in Decision No. 1503/QĐ-TTg dated 6 August 2026 by the Prime Minister, assigning key tasks and targets for Vinachem’s development strategy for the 2026–2030 period.

According to the strategy, by 2030 Vinachem strives to be among the top 500 enterprises in Southeast Asia by revenue and profit; to maintain its domestic leadership, strengthen its regional standing, and ensure stable growth, financial autonomy, and the preservation and development of state capital.
This objective builds on the Group’s increasingly consolidated position and scale. In 2026, Vinachem was ranked 148th in the Fortune Southeast Asia 500, reflecting its growing presence in the regional business community.

Vinachem’s development direction is also aligned with the spirit of Resolution No. 79-NQ/TW on state economic development, promoting the pioneering and leading role of state-owned enterprises in key sectors. As a core enterprise in the chemical industry, Vinachem is focused on improving operational efficiency, preserving and developing state capital, ensuring the supply of essential chemicals and fertilisers, and contributing to greater economic autonomy and national balances.

Innovation in Technology, Digital Transformation, and Green Transition as Pillars

For 2026–2030, Vinachem identifies technological innovation, digital transformation, and green transition as the pillars of development, associated with enhancing autonomy in raw materials, mastering core technologies, increasing labour productivity, improving capital efficiency, and boosting competitiveness.

This is also the practical approach for implementing Resolution No. 57-NQ/TW on breakthroughs in science, technology, innovation, and national digital transformation. For the chemical sector, science and technology form the foundation for higher productivity, quality, new product development, and gradual enhancement of industry autonomy.

Building on existing production areas, product structure is oriented towards deep processing and greater value addition. Besides basic chemicals and fertilisers, Vinachem prioritises the development of ultra-pure chemicals for food, healthcare, pharmaceuticals, electronics, and semiconductors; new-generation fertilisers, pharmaceutical chemicals, technical rubber, energy storage batteries, advanced materials, and products for clean energy.
Development is also closely linked to chemical safety, environmental protection, resource efficiency, the circular economy, and the aim of net-zero emissions.

Building a Science and Technology Base for the New Development Phase

To create resources for achieving strategic objectives, Vinachem aims to increase capital accumulation and concentration; intensify investment in depth, research, application, and the transfer of modern technologies.

A key direction is establishing the Vietnam Chemical Technology Research and Development Centre, providing a platform to strengthen research, application, and technological capability. At the same time, the Group will develop digital enterprises, expand cooperation with scientific and technological organisations and financial institutions both domestically and internationally, and gradually participate more deeply in regional and global value chains and supply chains.

Vinachem is also exploring the formation of complexes and dedicated chemical industrial parks, meeting requirements for infrastructure, safety, environment, and sustainable development.

Translating Strategy into Specific Growth Targets

By 2030, Vinachem’s consolidated revenue is projected to reach VND 95,826 billion, up from VND 65,450 billion in 2026; total consolidated revenue for 2026–2030 is expected to be VND 399,580 billion. The target for consolidated pre-tax profit in 2030 is VND 5,016 billion, with a five-year total of VND 19,312 billion.

For the parent company, Vinachem, revenue by 2030 is projected at VND 1,960 billion, with pre-tax profit of VND 950 billion. Total investment capital from the parent company’s development fund in 2026–2030 is estimated at VND 2,130 billion.

The scale of key product groups will continue to be reinforced. By 2030, fertiliser production is expected to reach 4.21 million tonnes, nearly 20 million tyres, 3.71 million kWh of batteries, 395,000 tonnes of detergents, over 2.3 million tonnes of apatite ore, and 475,000 tonnes of basic chemicals.

These targets demonstrate that the 2026–2030 Strategy will both consolidate core production areas and create space for new growth drivers. On this basis, Vinachem aims to solidify its core, pioneering, and leading role as a state-owned enterprise in the chemical sector, contributing to increased autonomy, competitiveness, and the standing of Vietnam’s chemical industry in the new phase of development.